ENGLISH BUSINESS VOCABS 8,9,10

Question 1

WBS

Answer 1

A method that breaks down projects into smaller components, such as phases, deliverables and work packages

Question 2

Grievance procedure

Answer 2

A process for trying to resolve problems or complaints that employees raise with their employer

Question 3

turnkey project

Answer 3

A project that delivers a completed result for the customer, ready to use

Question 4

sign off

Answer 4

The client formally accepts that the project results have been delivered and the project is complete and satisfactory

Question 5

SMART goals

Answer 5

Specific, Measurable, Achievable, Relevant, and Time-Bound goals

Question 6

status report

Answer 6

provides regular updates on the status and progress of a project

Question 7

scientific management

Answer 7

Using scientific methods to maximise efficiency, for example, in the way workers are selected, trained and supervised

Question 8

quality audit

Answer 8

the process of examining an organisations quality system carried out by a quality auditor

Question 9

project execution

Answer 9

carrying out the project, monitoring progress, communicating with the team (THE STAGE OF THE PROJECT WHERE EVERYTHING YOUR TEAM HAS PLANNED IS PUT INTO ACTION)

Question 10

procedure

Answer 10

official way of doing something

Question 11

precautions

Answer 11

A measure taken in advance to prevent something dangerous, unpleasant, or inconvenient from happening.

Question 12

pilot project

Answer 12

a small-scale project carried out to see if a larger-scale project is possible

Question 13

performance management

Answer 13

A process by which managers and employees work together to plan, monitor and review an employee’s work objectives and overall contribution to the organization

Question 14

monitoring

Answer 14

checking the progress over time

Question 15

milestone

Answer 15

an important stage, event or target during the development

Question 16

lean management

Answer 16

An approach that’s designed to increase quality and efficiency by eliminating wasted resources like time, money, and effort

Question 17

kick-off meeting

Answer 17

the first meeting with the project team and the client of the project where applicable

Question 18

KPI

Answer 18

A measure of performance used by companies to measure how well they are performing against targets or expectations

Question 19

gannt chart

Answer 19

a chart illustrating the project schedule, with the start of an event or a project

Question 20

estimate

Answer 20

an approximate calculation of cost, value, quantity, time, etc

Question 21

efficiency

Answer 21

the ability to achieve maximum productivity with the minimum expense or waste

Question 22

effectiveness

Answer 22

The measure how well something achieves its intended goal or result

Question 23

deliverables

Answer 23

something that can be provided or achieved as a result of a process

Question 24

debriefing

Answer 24

questions and discussion about a completed mission or project.

Question 25

critical path analysis

Answer 25

a method of planning all the tasks that must be completed in a project

Question 26

contingency plan

Answer 26

a plan designed to take account of possible future events or circumstances

Question 27

constraint

Answer 27

A limitation or obstacle that may slow down or stop a planned activity

Question 28

commitment

Answer 28

the state of being loyal and dedicated to a cause, an activity or a project

Question 29

breakdown of tasks

Answer 29

an explanation of the different tasks in a project

Question 30

authoritarian

Answer 30

A style of management that insists that rules are obeyed and authority is respected

Question 31

approval

Answer 31

The belief that someone is good, acceptable or useful

Question 32

works council

Answer 32

a group of employees representing the workforce in discussions with employers

Question 33

workforce

Answer 33

all the people working in the industry

Question 34

work permit

Answer 34

an official document giving a foreigner permission to work in the country

Question 35

vocational training

Answer 35

training that is directed at a particular occupation and skills

Question 36

trainee

Answer 36

person who is undergoing training for a particular job or profession

Question 37

trade union

Answer 37

an organised association of workers, formed to protect their rights and interests

Question 38

track record

Answer 38

a persons past achievements or performance

Question 39

temp

Answer 39

a temporary emloyee, someone who finds job through an agency

Question 40

take on staff

Answer 40

to hire new employees

Question 41

stand in

Answer 41

a person who takes someone else’s place or does someone else’s job for a while

Question 42

employee turnover

Answer 42

way to measure how often employees leave a company and are replaced by new ones

Question 43

social security

Answer 43

financial support by the state for people with inadequate income

Question 44

sick leave

Answer 44

time taken off work due to illness

Question 45

shortlist

Answer 45

the list of candidates who have been chosen for an interview

Question 46

retirement

Answer 46

the act of giving up work after reaching a certain age

Question 47

remuneration

Answer 47

general term for money paid for work or a service

Question 48

reference

Answer 48

a letter from a previous employer testifying to someones reliability